Accounts Payable & Owner Collections

The TOPS v3.2.1™ accounts payable module stores full vendor histories, allows you to track open and closed invoices, print checks, maintain a full history of each vendor, easily select invoices for payment, and print reports. Benefits of this module include:

• Choose between a simplified Cash based accounting method, or the more advanced Accrual method. This option is distinct from the setting in the AR module to allow you to choose the accounting set up most suited to your needs.
• Track vendor information, including contact info, default expense account, and insurance data, complete with insurance expiration warnings.
• Define global vendors for common maintenance across all communities.
• Enter vendors on-the-fly during invoice entry.
• Write manual checks or make partial payments on invoices.
• Print a range of reports including aged open items, check register, and vendor history, even generate 1099s for vendors.
• Rest easy with overdraft warnings and audit trail reporting.
• Generate checks globally across your entire portfolio of communities with the Global AP feature in the Global Module.
• Allow Board members to review and approve checks online with the Online AP Approval feature. Expand this feature with MICR Check printing with Digital Signatures to fully automate approval and check signing.